English Explanatory Dictionary

Goodhart's law

English dictionary entry

Meanings

name
  1. The idea that, when a measure becomes a target, it ceases to be a good measure; originally, "as soon as the government attempts to regulate any particular set of financial assets, these become unreliable as indicators of economic trends".

Word forms

Goodhart's law

Etymology

Named after British economist Charles Goodhart (1936–), who originated it.

Related words

cobra effect
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